TICKER: TSX.V:PEM
DESCRIPTION: In 2009, Premium Exploration came out of one of the world's worst financial crises armed with a new management team, new gold properties and a strong long-term outlook on gold and other precious metals. The company's experienced management team is committed to adding ounces to its resource from every drill program. Premium is working to revitalize the historic Orogrande Shear Zone gold district in central Idaho with ongoing exploration to develop a multimillion-ounce gold target. With 28 km. of potential high-grade gold to explore, the company is developing what could be the next "Carlin Trend."
Listen to President Del Steiner discuss the company's future with Al Korelin (7/29/10)
Watch Al Korelin's interview with President Del Steiner (6/17/10)
Watch Premium Exploration featured on CEO Clips (5/31/10)
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"Premium Exploration Inc. has announced assay results for the ongoing 10,000 meter Phase-Three drill program at the Friday-Petsite gold project located in central Idaho. The company drilled 1.5 g/t gold over 150 meters, which is advancing the development of the new Lower Block, continuing resource growth and the establishment of at least 100 meters of mineralized width at depth, which remains open along strike and at depth."
Bob Moriarty, 321gold (07/30/10)
"Premium Exploration was the subject of a piece of mine recently. I was trying to say that I thought the company was doing everything right. As I said in the piece, they will be coming out with drill results for months. They are in a 10,000-meter program at their Friday-Petsite project and that's a lot of holes.
It's important to understand that these are step-out holes. They have an existing 531,000 oz. gold resource, and these holes are going to expand that. When you read the drill results, understand that, because of the angle they are drilling, the intercepts do not reflect true widths. PEM estimates the true widths at between 50% and 75% of reported intercepts.
Hole #1 or PFR2010-1 reported 203 meters of .98 g/t. That's a great intercept of ok grade. Hole #2 or PFR2010-2 hit 274 meters of 1.84 g/t, including 5.74 g/t gold over 76m. Those are exceptional lengths and good grade. Hole #3 or PFR2010-3 hit a blistering 2.23 g/t gold over 157m. Again, great length and wonderful grade. When they report an updated 43-101, it will be a lot bigger."
Bob Moriarty, 321gold (07/30/10)
"Premium Exploration was the subject of a piece of mine recently. I was trying to say that I thought the company was doing everything right. As I said in the piece, they will be coming out with drill results for months. They are in a 10,000-meter program at their Friday-Petsite project and that's a lot of holes.
It's important to understand that these are step-out holes. They have an existing 531,000 oz. gold resource, and these holes are going to expand that. When you read the drill results, understand that, because of the angle they are drilling, the intercepts do not reflect true widths. PEM estimates the true widths at between 50% and 75% of reported intercepts.
Hole #1 or PFR2010-1 reported 203 meters of .98 g/t. That's a great intercept of ok grade. Hole #2 or PFR2010-2 hit 274 meters of 1.84 g/t, including 5.74 g/t gold over 76m. Those are exceptional lengths and good grade. Hole #3 or PFR2010-3 hit a blistering 2.23 g/t gold over 157m. Again, great length and wonderful grade. When they report an updated 43-101, it will be a lot bigger."
Jay Taylor, J.Taylor's Gold, Energy & Tech Stocks
(07/09/10)
"Heartbreaking news was announced on July 6, that being the sudden death of Wilf Struck, the chief executive officer and geological engineer. . .With respect to the less important issue of Premium's future, Mr. Struck's passing will be a big negative in that regard. But knowing Del Steiner as I do, as well as the people surrounding them, the effort to build wealth at their Idaho properties will not be deterred in the least. I continue to believe in the long-term prospects of Premium and I do believe they have a chance at building a world-class gold production facility, as we had discussed extensively in the past."
The Gold Report Interview with Chen Lin (07/07/10)
"Premium is doing well, so I intend to hold it. . .With an explorer, you have to be nimble to ensure you have a solid bottom, and then you hold into the drilling results. As you mentioned, Premium has some very exciting drilling results coming out."
View Entire Article: Chen Lin: Gold Stocks Poised for Breakout
Listen to President Del Steiner discuss the company's future with Al Korelin (7/29/10)
Watch Al Korelin's interview with President Del Steiner (6/17/10)
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